BHARATFORG
Bharat Forge Ltd
Max pain for BHARATFORG
03 Apr 2025 10:42 AM IST
Max Pain for BHARATFORG is 1160
Strike 900 has a total call value of 0 versus a total put value of 38,596,000,000 Combined total value = 38,596,000,000
Strike 920 has a total call value of 0 versus a total put value of 34,882,000,000 Combined total value = 34,882,000,000
Strike 940 has a total call value of 0 versus a total put value of 31,168,000,000 Combined total value = 31,168,000,000
Strike 960 has a total call value of 0 versus a total put value of 27,483,000,000 Combined total value = 27,483,000,000
Strike 980 has a total call value of 0 versus a total put value of 23,833,000,000 Combined total value = 23,833,000,000
Strike 1000 has a total call value of 0 versus a total put value of 20,273,000,000 Combined total value = 20,273,000,000
Strike 1020 has a total call value of 2,000,000 versus a total put value of 17,142,000,000 Combined total value = 17,144,000,000
Strike 1040 has a total call value of 14,000,000 versus a total put value of 14,234,000,000 Combined total value = 14,248,000,000
Strike 1060 has a total call value of 26,000,000 versus a total put value of 11,510,000,000 Combined total value = 11,536,000,000
Strike 1080 has a total call value of 38,000,000 versus a total put value of 8,972,000,000 Combined total value = 9,010,000,000
Strike 1100 has a total call value of 78,000,000 versus a total put value of 6,692,000,000 Combined total value = 6,770,000,000
Strike 1120 has a total call value of 333,000,000 versus a total put value of 4,978,000,000 Combined total value = 5,311,000,000
Strike 1140 has a total call value of 886,000,000 versus a total put value of 3,555,000,000 Combined total value = 4,441,000,000
Strike 1160 has a total call value of 1,903,000,000 versus a total put value of 2,526,000,000 Combined total value = 4,429,000,000
Strike 1180 has a total call value of 3,775,000,000 versus a total put value of 1,864,000,000 Combined total value = 5,639,000,000
Strike 1200 has a total call value of 6,090,000,000 versus a total put value of 1,364,000,000 Combined total value = 7,454,000,000
Strike 1220 has a total call value of 9,857,000,000 versus a total put value of 1,092,000,000 Combined total value = 10,949,000,000
Strike 1240 has a total call value of 14,054,000,000 versus a total put value of 831,000,000 Combined total value = 14,885,000,000
Strike 1260 has a total call value of 18,827,000,000 versus a total put value of 604,000,000 Combined total value = 19,431,000,000
Strike 1280 has a total call value of 23,827,000,000 versus a total put value of 377,000,000 Combined total value = 24,204,000,000
Strike 1300 has a total call value of 29,138,000,000 versus a total put value of 216,000,000 Combined total value = 29,354,000,000
Strike 1320 has a total call value of 34,875,000,000 versus a total put value of 144,000,000 Combined total value = 35,019,000,000
Strike 1340 has a total call value of 40,802,000,000 versus a total put value of 72,000,000 Combined total value = 40,874,000,000
Strike 1360 has a total call value of 46,925,000,000 versus a total put value of 0 Combined total value = 46,925,000,000
Strike 1380 has a total call value of 53,094,000,000 versus a total put value of 0 Combined total value = 53,094,000,000
Strike 1400 has a total call value of 59,263,000,000 versus a total put value of 0 Combined total value = 59,263,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 1124.1 | 400 |
| ABB | 1124.1 | 5400 |
| ABCAPITAL | 1124.1 | 190 |
| ABFRL | 1124.1 | 265 |
| ACC | 1124.1 | 1940 |
| ADANIENSOL | 1124.1 | 840 |
| ADANIENT | 1124.1 | 2500 |
| ADANIGREEN | 1124.1 | 940 |
| ADANIPORTS | 1124.1 | 1200 |
| ALKEM | 1124.1 | 4950 |
| AMBUJACEM | 1124.1 | 530 |
| ANGELONE | 1124.1 | 2300 |
| APLAPOLLO | 1124.1 | 1520 |
| APOLLOHOSP | 1124.1 | 6700 |
| APOLLOTYRE | 1124.1 | 430 |
| ASHOKLEY | 1124.1 | 210 |
| ASIANPAINT | 1124.1 | 2320 |
| ASTRAL | 1124.1 | 1320 |
| ATGL | 1124.1 | 600 |
| AUBANK | 1124.1 | 550 |
| AUROPHARMA | 1124.1 | 1200 |
| AXISBANK | 1124.1 | 1100 |
| BAJAJ-AUTO | 1124.1 | 8000 |
| BAJAJFINSV | 1124.1 | 1940 |
| BAJFINANCE | 1124.1 | 8700 |
| BALKRISIND | 1124.1 | 2540 |
| BANDHANBNK | 1124.1 | 150 |
| BANKBARODA | 1124.1 | 230 |
| BANKINDIA | 1124.1 | 110 |
| BEL | 1124.1 | 290 |
| BERGEPAINT | 1124.1 | 500 |
| BHARATFORG | 1124.1 | 1160 |
| BHARTIARTL | 1124.1 | 1720 |
| BHEL | 1124.1 | 215 |
| BIOCON | 1124.1 | 350 |
| BOSCHLTD | 1124.1 | 28000 |
| BPCL | 1124.1 | 280 |
| BRITANNIA | 1124.1 | 4900 |
| BSE | 1124.1 | 5200 |
| BSOFT | 1124.1 | 400 |
| CAMS | 1124.1 | 3700 |
| CANBK | 1124.1 | 90 |
| CDSL | 1124.1 | 1200 |
| CESC | 1124.1 | 150 |
| CGPOWER | 1124.1 | 630 |
| CHAMBLFERT | 1124.1 | 620 |
| CHOLAFIN | 1124.1 | 1500 |
| CIPLA | 1124.1 | 1480 |
| COALINDIA | 1124.1 | 400 |
| COFORGE | 1124.1 | 7600 |
| COLPAL | 1124.1 | 2400 |
| CONCOR | 1124.1 | 700 |
| CROMPTON | 1124.1 | 350 |
| CUMMINSIND | 1124.1 | 3000 |
| CYIENT | 1124.1 | 1260 |
| DABUR | 1124.1 | 480 |
| DALBHARAT | 1124.1 | 1800 |
| DEEPAKNTR | 1124.1 | 2000 |
| DELHIVERY | 1124.1 | 260 |
| DIVISLAB | 1124.1 | 5800 |
| DIXON | 1124.1 | 13500 |
| DLF | 1124.1 | 690 |
| DMART | 1124.1 | 4100 |
| DRREDDY | 1124.1 | 1170 |
| EICHERMOT | 1124.1 | 5400 |
| ESCORTS | 1124.1 | 3250 |
| EXIDEIND | 1124.1 | 370 |
| FEDERALBNK | 1124.1 | 195 |
| GAIL | 1124.1 | 180 |
| GLENMARK | 1124.1 | 1520 |
| GMRAIRPORT | 1124.1 | 79 |
| GODREJCP | 1124.1 | 1150 |
| GODREJPROP | 1124.1 | 2100 |
| GOLDM | 1124.1 | 90000 |
| GRANULES | 1124.1 | 500 |
| GRASIM | 1124.1 | 2580 |
| HAL | 1124.1 | 4200 |
| HAVELLS | 1124.1 | 1500 |
| HCLTECH | 1124.1 | 1540 |
| HDFCAMC | 1124.1 | 4000 |
| HDFCBANK | 1124.1 | 1800 |
| HDFCLIFE | 1124.1 | 690 |
| HEROMOTOCO | 1124.1 | 3750 |
| HFCL | 1124.1 | 82.5 |
| HINDALCO | 1124.1 | 670 |
| HINDCOPPER | 1124.1 | 230 |
| HINDPETRO | 1124.1 | 360 |
| HINDUNILVR | 1124.1 | 2260 |
| HINDZINC | 1124.1 | 460 |
| HUDCO | 1124.1 | 200 |
| ICICIBANK | 1124.1 | 1340 |
| ICICIGI | 1124.1 | 1800 |
| ICICIPRULI | 1124.1 | 560 |
| IDEA | 1124.1 | 8 |
| IDFCFIRSTB | 1124.1 | 58 |
| IEX | 1124.1 | 180 |
| IGL | 1124.1 | 200 |
| IIFL | 1124.1 | 330 |
| INDHOTEL | 1124.1 | 820 |
| INDIANB | 1124.1 | 550 |
| INDIGO | 1124.1 | 5000 |
| INDUSINDBK | 1124.1 | 700 |
| INDUSTOWER | 1124.1 | 350 |
| INFY | 1124.1 | 1560 |
| INOXWIND | 1124.1 | 165 |
| IOC | 1124.1 | 132.5 |
| IRB | 1124.1 | 46 |
| IRCTC | 1124.1 | 730 |
| IREDA | 1124.1 | 155 |
| IRFC | 1124.1 | 125 |
| ITC | 1124.1 | 410 |
| JINDALSTEL | 1124.1 | 920 |
| JIOFIN | 1124.1 | 230 |
| JSL | 1124.1 | 600 |
| JSWENERGY | 1124.1 | 530 |
| JSWSTEEL | 1124.1 | 1050 |
| JUBLFOOD | 1124.1 | 670 |
| KALYANKJIL | 1124.1 | 500 |
| KEI | 1124.1 | 2900 |
| KOTAKBANK | 1124.1 | 2120 |
| KPITTECH | 1124.1 | 1280 |
| LAURUSLABS | 1124.1 | 610 |
| LICHSGFIN | 1124.1 | 570 |
| LICI | 1124.1 | 800 |
| LODHA | 1124.1 | 1200 |
| LT | 1124.1 | 3460 |
| LTF | 1124.1 | 150 |
| LTIM | 1124.1 | 4500 |
| LUPIN | 1124.1 | 2080 |
| M&M | 1124.1 | 2700 |
| M&MFIN | 1124.1 | 275 |
| MANAPPURAM | 1124.1 | 230 |
| MARICO | 1124.1 | 650 |
| MARUTI | 1124.1 | 11600 |
| MAXHEALTH | 1124.1 | 1120 |
| MCX | 1124.1 | 5400 |
| MFSL | 1124.1 | 1140 |
| MGL | 1124.1 | 1400 |
| MOTHERSON | 1124.1 | 130 |
| MPHASIS | 1124.1 | 2500 |
| MRF | 1124.1 | 114000 |
| MUTHOOTFIN | 1124.1 | 2300 |
| NATIONALUM | 1124.1 | 185 |
| NAUKRI | 1124.1 | 6900 |
| NBCC | 1124.1 | 80 |
| NCC | 1124.1 | 210 |
| NESTLEIND | 1124.1 | 2220 |
| NHPC | 1124.1 | 84 |
| NMDC | 1124.1 | 70 |
| NTPC | 1124.1 | 360 |
| NYKAA | 1124.1 | 177.5 |
| OBEROIRLTY | 1124.1 | 1600 |
| OFSS | 1124.1 | 7800 |
| OIL | 1124.1 | 390 |
| ONGC | 1124.1 | 250 |
| PAGEIND | 1124.1 | 43000 |
| PATANJALI | 1124.1 | 1820 |
| PAYTM | 1124.1 | 800 |
| PEL | 1124.1 | 1000 |
| PERSISTENT | 1124.1 | 5100 |
| PETRONET | 1124.1 | 300 |
| PFC | 1124.1 | 420 |
| PHOENIXLTD | 1124.1 | 1600 |
| PIDILITIND | 1124.1 | 2840 |
| PIIND | 1124.1 | 3500 |
| PNB | 1124.1 | 96 |
| PNBHOUSING | 1124.1 | 900 |
| POLICYBZR | 1124.1 | 1580 |
| POLYCAB | 1124.1 | 5200 |
| POONAWALLA | 1124.1 | 340 |
| POWERGRID | 1124.1 | 290 |
| PRESTIGE | 1124.1 | 1200 |
| RAMCOCEM | 1124.1 | 910 |
| RBLBANK | 1124.1 | 175 |
| RECLTD | 1124.1 | 430 |
| RELIANCE | 1124.1 | 1280 |
| SAIL | 1124.1 | 120 |
| SBICARD | 1124.1 | 860 |
| SBILIFE | 1124.1 | 1560 |
| SBIN | 1124.1 | 780 |
| SHREECEM | 1124.1 | 30500 |
| SHRIRAMFIN | 1124.1 | 650 |
| SIEMENS | 1124.1 | 5300 |
| SILVER | 1124.1 | 98000 |
| SJVN | 1124.1 | 92.5 |
| SOLARINDS | 1124.1 | 11200 |
| SONACOMS | 1124.1 | 460 |
| SRF | 1124.1 | 2940 |
| SUNPHARMA | 1124.1 | 1740 |
| SUPREMEIND | 1124.1 | 3500 |
| SYNGENE | 1124.1 | 730 |
| TATACHEM | 1124.1 | 860 |
| TATACOMM | 1124.1 | 1600 |
| TATACONSUM | 1124.1 | 1040 |
| TATAELXSI | 1124.1 | 5200 |
| TATAMOTORS | 1124.1 | 680 |
| TATAPOWER | 1124.1 | 390 |
| TATASTEEL | 1124.1 | 155 |
| TATATECH | 1124.1 | 680 |
| TCS | 1124.1 | 3560 |
| TECHM | 1124.1 | 1420 |
| TIINDIA | 1124.1 | 2700 |
| TITAGARH | 1124.1 | 800 |
| TITAN | 1124.1 | 3100 |
| TORNTPHARM | 1124.1 | 3250 |
| TORNTPOWER | 1124.1 | 1500 |
| TRENT | 1124.1 | 5600 |
| TVSMOTOR | 1124.1 | 2440 |
| ULTRACEMCO | 1124.1 | 11300 |
| UNIONBANK | 1124.1 | 125 |
| UNITDSPR | 1124.1 | 1400 |
| UPL | 1124.1 | 650 |
| VBL | 1124.1 | 540 |
| VEDL | 1124.1 | 470 |
| VOLTAS | 1124.1 | 1380 |
| WIPRO | 1124.1 | 265 |
| YESBANK | 1124.1 | 17 |
| ZOMATO | 1124.1 | 210 |
| ZYDUSLIFE | 1124.1 | 910 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
